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  • September 3, 2010

Real Estate Dictionary

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A

A La Carte Real Estate Services

Professional real estate services that are rendered one transaction at a time instead of the conventional full-service, commission-based brokerage relationship. …
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A-Frame Design

An interior style that features a steeply peaked roofline and a ceiling that is open to the top rafters. …
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Abandonment

When a person voluntarily gives up the right or interest in a property. Occurs when a person shows the intention to give up the right or interest, or by physically "abandoning" the property. …
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Abatement

Abatement is a reduction or decrease in the amount (either purchase or rent) due to the discovery of a flaw or negative impact which will effect the value or price. …
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Able

A Purchaser is ready, willing and able to complete a transaction when she has funds and has signed the documents required to transfer title to a property. If the Vendor is not ready, willing and able to complete the transaction on the date set for completion, the …
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Absentee Owner

When a property was is occupied by tenants and the owner of the property does not live on the property. …
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Absorption Rate

The number of properties that can be bought or sold for a particular market, shown as a percentage. Can be sorted into various categories such as type of property or square footage. …
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Abstract Of Judgment

The summary of a court judgment that creates a lien against a property when filed with the county recorder. …
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Abstract Of Title

Within the local land registry office documents are registered and indicate such things as ownership of a property. The Abstract of Title is a condensed version of these documents. …
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Abstract Or Title Search

The process of reviewing all recorded transactions in the public record to determine whether any title defects exist that could interfere with the clear transfer of ownership of the property. …
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